Previous Results upto December 1618 Jul 2017 12:50
Here is what we did last December. The update should show a good increase from these figures.
Key Takeaways
• 35% increase in Revenues to £14.3m (H1 FY16: £10.6m)
• 41.1% reduction in Loss Before Tax to £3.3m (H1 FY16: £5.6m)
• Strong Balance Sheet with Cash Balance of £11.4m at 31 December 2016 (FY16: £14.4m)
• 85% increase in Number of Transactions to 5m (H1 FY16 2.7m)
• 97% increase in Payment Volume to $7.8bn (H1 FY16 $3.95bn)
• BofAML CashPro® offering using Earthport network from February 2017 adding several new countries and currencies
• Approval from Reserve Bank of India to operate cross-border payment services from November 2016
• Axis Bank, India's 3rd largest private sector bank, first in region to connect with Earthport
• Board is confident of continued growth going forward